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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001023175-01-500113.txt : 20010507
<SEC-HEADER>0001023175-01-500113.hdr.sgml : 20010507
ACCESSION NUMBER:		0001023175-01-500113
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010331
FILED AS OF DATE:		20010504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBALWISE INVESTMENTS INC
		CENTRAL INDEX KEY:			0001081745
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				870613716
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:		
		SEC FILE NUMBER:	000-31671
		FILM NUMBER:		1622459

	BUSINESS ADDRESS:	
		STREET 1:		525 S 300 EAST
		STREET 2:		STE 201
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
		BUSINESS PHONE:		8013232395

	MAIL ADDRESS:	
		STREET 1:		525 SOUTH 300 EAST SUITE 201
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>globalwise10qsb.txt
<TEXT>

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 FORM 10-QSB


[X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

For the quarterly period ended    March 31, 2001
                                -----------------

[ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

For the transition period from ________________ to _______________


Commission File No.  000-31671
                    ------------


                         GLOBALWISE INVESTMENTS, INC.
      (Exact name of Small Business Issuer as specified in its charter)

      NEVADA                                   87-0613716
- --------------------------------              -----------------
(State or other jurisdiction of               (I.R.S. Employer
incorporation or organization)                 Identification Number)

525 South 300 East, Suite 201
Salt Lake City, Utah                              84111
- --------------------------------              ------------------
(Address of principal executive offices)         (Zip Code)


Issuer's telephone number, including area code (801) 323-2395
                                               ---------------

     Indicate by check mark whether the Issuer (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Issuer was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. [X] Yes  [  ] No

     As of April 30, 2001 the registrant had 850,000 common shares
outstanding.

<PAGE> 1

                        PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements.



                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                             Financial Statements
                                March 31, 2001



<PAGE> 2


                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                                Balance Sheets



                                    ASSETS

                                                   March 31,     December 31,
                                                   2001          2000
                                                   ------------- -------------
                                                   (Unaudited)

CURRENT ASSETS                                     $          -  $          -
                                                   ------------- -------------

  TOTAL ASSETS                                     $          -  $          -
                                                   ============= =============


                     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable                                   $      1,345  $      1,345
                                                   ------------- -------------

  Total Liabilities                                       1,345         1,345
                                                   ------------- -------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 50,000,000 shares
authorized; 850,000 issued and outstanding                  850           850

Additional Paid in Capital                               47,494        47,494

Deficit Accumulated During the Development Stage        (49,689)      (49,689)
                                                   ------------- -------------

  Total Stockholders' Equity                             (1,345)       (1,345)
                                                   ------------- -------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $          -  $          -
                                                   ============= =============



<PAGE> 3



                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                           Statement of Operations
                                 (Unaudited)

                                                                 From
                                                                 Inception on
                                     For the three For the three October 3,
                                     months ended  months ended  1997 Through
                                     March 31,     March 31,     March 31,
                                     2001          2000          2001
                                     ------------- ------------- -------------

REVENUES                             $          -  $          -  $          -
                                     ------------- ------------- -------------
EXPENSES
  General & Administrative                      -         1,345        49,689
                                     ------------- ------------- -------------

    TOTAL EXPENSES                              -         1,345        49,689
                                     ------------- ------------- -------------

NET INCOME(LOSS)                     $          -  $     (1,345) $    (49,689)
                                     ============= ============= =============

NET LOSS PER SHARE                   $          -  $      (0.00) $      (0.08)
                                     ============= ============= =============

WEIGHTED AVERAGE SHARES OUTSTANDING       850,000       902,500       605,518
                                     ============= ============= =============



<PAGE> 4




                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                           Statement of Cash Flows
                                 (Unaudited)

                                                                 From
                                                                 Inception on
                                     For the three months ended  October 3,
                                              March 31,          1997 Through
                                          2001          2000     March 31,2001
                                     ------------- ------------- -------------
Cash Flows from Operating Activities

  Net Loss                           $          -  $     (1,345) $    (21,345)
  Less Non-Cash Items:
  Stock Issued for Services                     -             -        20,000
  Increase(Decrease) in Accounts
    Payable                                     -         1,345         1,345
                                     ------------- ------------- -------------
  Net Cash Provided(Used) by
   Operating Activities                         -             -             -
                                     ------------- ------------- -------------
Cash Flows from Investing Activities

  Net Cash Provided(Used) by
   Investing Activities                         -             -             -
                                     ------------- ------------- -------------
Cash Flows from Financing Activities

  Net Cash Provided(Used) by
   Financing Activities                         -             -             -
                                     ------------- ------------- -------------

Increase in Cash                                -             -             -
                                     ------------- ------------- -------------
Cash and Cash Equivalents at
  Beginning of Period                           -             -             -
                                     ------------- ------------- -------------
Cash and Cash Equivalents at
  End of Period                      $          -  $          -  $          -
                                     ============= ============= =============


Supplemental Non-Cash Financing Transactions:

 Stock Issued for Services           $          -  $          -  $     20,000

Cash Paid For:
  Interest                           $          -  $          -  $          -
  Income Taxes                       $          -  $          -  $          -


<PAGE> 5




                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                      Notes to the Financial Statements
                                March 31, 2001


GENERAL
- -------

Globalwise Investments, Inc. (the Company) has elected to omit substantially
all footnotes to the financial statements for the three months ended March 31,
2001 since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
Annual Report filed on the Form 10-KSB for the year ended December 31, 2000.

UNAUDITED INFORMATION
- ---------------------

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.

<PAGE> 6


Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations

      In this report references to "Globalwise," "we," "us," and "our" refer
to Globalwise Investments, Inc.

Forward Looking Statements

      This form 10-QSB contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.  For this
purpose any statements contained in this Form 10-QSB that are not statements
of historical fact may be deemed to be forward-looking statements.  Without
limiting the foregoing, words such as "may," "will," "expect," "believe,"
"anticipate," "estimate" or "continue" or comparable terminology are intended
to identify forward-looking statements.  These statements by their nature
involve substantial risks and uncertainties, and actual results may differ
materially depending on a variety of factors, many of which are not within
Globalwise's control.  These factors include but are not limited to economic
conditions generally and in the market which Globalwise may participate;
competition within Globalwise's chosen market and failure by Globalwise to
successfully develop business relationships.

Plan of Operations

      We are a development stage company with no assets and we have
experienced losses since our inception.  We are dependent on financing to
continue our operations.  For the fiscal year ended December 31, 2000, and the
three months ended March 31, 2001, we had no cash on hand and total current
liabilities of $1,345.  The $1,345 account payable is related to accounting
and legal fees incurred during 1999 which were paid on our behalf.

      We have no commitments for capital expenditures for the next twelve
months.  During the next twelve months we believe that our current cash needs
can be met by loans from our directors, officers and Mutual Ventures
Corporation based on understandings we have with these persons.  These
understandings are not written agreements and therefore these persons are not
obligated to provide funds.  Mutual Ventures, a shareholder, has provided
services and cash in the past to assist us in our efforts to become a
reporting company and has expressed a willingness to continue assistance.  We
may repay these loans, costs of services and advancements with cash, if
available, or we may convert them into common stock.

      We will incur expenses due to the legal and accounting services required
to prepare and file reports with the Securities and Exchange Commission.
Also, our management must expend time and effort to assist in the preparation
and review of such reports.  In the event we acquire a business opportunity we
may incur additional expenses related to proxy or information statements we
must provide to our stockholders which disclose that company's business
operations, management and financial condition.  In addition, the acquired or
merged company will be subject to these same reporting obligations.
Accordingly, we may incur additional expense to conduct due diligence and
present the required financial and non-financial information for the business
opportunity in a report.  Also, the SEC may elect to conduct a full review of
the successor company and may issue substantive comments on the sufficiency of
disclosure related to the business opportunity.

      Our management intends to actively pursue business opportunities during
the next twelve months.  All risks inherent in new and inexperienced
enterprises are inherent in our business.  We

<PAGE> 7

have not made a formal study of the economic potential of any business.  As of
the date of this filing, we have not identified any assets or business
opportunities for acquisition.

      Based on current economic and regulatory conditions, management believes
that it is possible, if not probable, for a company like ours, without many
assets or liabilities, to negotiate a merger or acquisition with a viable
private company.  The opportunity arises principally because of the high legal
and accounting fees and the length of time associated with the registration
process of "going public".  However, should any of these conditions change, it
is very possible that there would be little or no economic value for anyone
taking over control of Globalwise.

      Potential investors must recognize that because of our limited capital
available for investigation and management's limited experience in business
analysis we may not discover or adequately evaluate adverse facts about the
business opportunity to be acquired.

      It is emphasized that our management may effect transactions having a
potentially adverse impact upon our shareholders pursuant to the authority and
discretion of our management to complete acquisitions without submitting any
proposal to the stockholders for their consideration.

      Should a merger or acquisition prove unsuccessful, it is possible that
we may decide not to pursue further acquisition activities and management may
abandon its activities and our shares would become worthless.


                         PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits

Exhibit
Number      Description
- ------      ------------

3.1         Articles of Incorporation, dated July 12, 2000 (Incorporated by
            reference to exhibit 3.1 of Form 10-SB, filed October 2, 2000.)

3.2         Articles of Merger, dated July 21, 2000 (Incorporated by reference
            to exhibit 3.2 of Form 10-SB, filed October 2, 2000.)

3.3         Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of
            Form 10-SB, filed October 2, 2000.)


(b)      Reports on Form 8-K

         None.





<PAGE> 8



                                  SIGNATURES

      In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.

       5/3/01
Date_______________        Globalwise Investments, Inc.



                            /s/ Donald R. Mayer
                        By: ______________________________________
                            Donald R. Mayer
                            President and Director




                                      9



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</DOCUMENT>
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